The outlook for 2022 globally – medically, economically and politically – is still highly uncertain and, as a small open economy, South Africa is vulnerable to volatility both at a global level and closer to home, North-West University (NWU) Business School economist Professor Raymond Parsons says. He notes that, at the global level – notwithstanding significant concerns surrounding the new Omicron variant – the challenge is how to deal with lower growth and higher inflation as many countries grapple with recent economic crosscurrents and costly supply chain disruptions.
from Engineering News | Home https://ift.tt/31pC96M
